Cost of building two semidetached houses in London

GDB2222

I’m just after a rough ball park cost of building two semis on a suburban site in London. Each 1500 sq ft on 3 floors. Brick, with a tiled roof. On a clear site, with good access. 

Anyone have any idea? 

ComicGeek

£850k - £1M depending on spec level

GDB2222

ComicGeek said:

£850k - £1M depending on spec level

Thanks. I had thought around £900k, so we're not miles apart. 

Ectophile

ComicGeek said:

£850k - £1M depending on spec level

Does that include the land?  I get the impression that OP already has a plot of land and wants to build on it.  But I could be wrong.

GDB2222

Ectophile said:

ComicGeek said:

£850k - £1M depending on spec level

Does that include the land?  I get the impression that OP already has a plot of land and wants to build on it.  But I could be wrong.

I was trying to work out whether a particular piece of land has any value as a development site. 

silvercar

People talk of the rule of thirds. One third land, one third build, one third profit. Don’t know if it still applies.

GDB2222

silvercar said:

People talk of the rule of thirds. One third land, one third build, one third profit. Don’t know if it still applies.

Building costs have risen so much that I don’t think it can apply any longer. 

ComicGeek

Ectophile said:

ComicGeek said:

£850k - £1M depending on spec level

Does that include the land?  I get the impression that OP already has a plot of land and wants to build on it.  But I could be wrong.

No, land costs would be on top of this. Build costs have risen a lot in the last 5 years